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Published in:
2015 | OriginalPaper | Chapter
European Investment Bank
Author : Felix I. Lessambo
Published in: International Financial Institutions and Their Challenges
Publisher: Palgrave Macmillan US
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The European Investment Bank (EIB), as the bank of the European Union created by the Treaty of Rome in 1958, has the core mission of supporting the balanced and steady development of the EU member states. The EIB is the only International Financial Institution (IFI) fully owned by the EU member states, and represents their interests.1 The EIB is a powerful instrument to serve the EU external policies and related objectives, which have served the EU well so far.2 The EIB Group consists of the European Investment Bank and the European Investment Fund (EIF). The EIB is different from MDBs, and its policies and procedures are mainly designed for its core business, which is within the EU.